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Majedie Investments (LON:MAJE) Share Price Crosses Below 200 Day Moving Average - Here's Why

Majedie Investments logo with Financial Services background

Shares of Majedie Investments (LON:MAJE - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 257.04 ($3.48) and traded as low as GBX 238 ($3.23). Majedie Investments shares last traded at GBX 244 ($3.31), with a volume of 76,162 shares trading hands.

Majedie Investments Price Performance

The stock has a market capitalization of £125.18 million, a P/E ratio of 4.55 and a beta of 0.87. The stock's fifty day moving average is GBX 260.11 and its two-hundred day moving average is GBX 257.07.

Insider Activity

In other news, insider Jane Lewis acquired 3,000 shares of Majedie Investments stock in a transaction on Monday, March 10th. The stock was bought at an average cost of GBX 252 ($3.42) per share, with a total value of £7,560 ($10,245.29). Insiders own 63.73% of the company's stock.

Majedie Investments Company Profile

(Get Free Report)

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP. Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.

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